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Author Question: What is the difference between market income and money income? Which is more equally distributed? ... (Read 108 times)

geoffrey

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on: Jun 29, 2018
What is the difference between market income and money income? Which is more equally distributed?
 
  What will be an ideal response?

Question 2

In the figure above, with no government involvement and if the colleges are competitive, what is the deadweight loss?
 
  A) 12 billion per year
  B) 6 billion per year
  C) 4 billion per year
  D) zero


Sammyo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Market income is the income the household earns in the market for factors of production, for example, the household's labor income. Money income is market income plus money benefits paid by the government to the household. Money income is distributed more equally than market income.

Answer to Question 2

A


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